Eleanor Apartments | 704 8th St
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Eleanor Apartments 704 8th St
27 Unit Apartment Building $5,500,000 ($203,704/Unit) 7.65% Cap Rate Niagara Falls, NY 14301
Investment Highlights
- HISTORIC BUILDING IN THE HEART OF NIAGARA FALLS
Executive Summary
The historic Eleanor Apartments, Situated in the heart of Niagara Falls, this four-story building offers a collection of stunning, newly renovated apartments. Choose from studio, one-bedroom, and two-bedroom options, each meticulously designed with your comfort in mind. A contemporary designed brick building founded on a 100 years old stone foundation, you'll find modern amenities including air conditioning, ensuring a pleasant environment throughout the year. The building is quiet and well-lit, enhancing the peaceful ambiance. An elevator is available for your convenience, making daily commutes effortless. All apartments feature brand-new stainless-steel appliances and elegant quartz countertops, adding a touch of sophistication to your living space. Additionally, residents have access to the on-site laundry room, gym facilities, and storage units* for their convenience. For your vehicles, dedicated off-street parking is conveniently located in the adjacent lot, just across the street*. Discover the charm of Niagara Falls with our four floors of recently renovated apartments located right in the heart of the city!
Property Facts
| Price | $5,500,000 | Building Class | C |
| Price Per Unit | $203,704 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 23,952 SF |
| Cap Rate | 7.65% | Average Occupancy | 89% |
| No. Units | 27 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1925/2022 |
| Property Subtype | Apartment | Parking Ratio | 0.79/1,000 SF |
| Apartment Style | Mid Rise | Opportunity Zone |
Yes
|
| Price | $5,500,000 |
| Price Per Unit | $203,704 |
| Sale Type | Investment |
| Cap Rate | 7.65% |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 23,952 SF |
| Average Occupancy | 89% |
| No. Stories | 4 |
| Year Built/Renovated | 1925/2022 |
| Parking Ratio | 0.79/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Microwave
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Refrigerator
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Fitness Center
- Laundry Facilities
- Smoke Free
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | $1,200 | 500 |
| 2+1 | 14 | $1,350 | 650 - 800 |
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Bike Score ®
Very Bikeable (71)
zoning
| Zoning Code | C2-A (Mixed) |
| C2-A (Mixed) |
-
Rabia Ellahi -
Red Hawk Realty
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Eleanor Apartments | 704 8th St
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